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Form 



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990 



Department of the Treasury 
Internal Revenue Service 



Return of Organization Exempt From Income Tax 

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 
benefit trust or private foundation) 

► The organization may have to use a copy of this return to satisfy state reporting requirements. 



OMB No. 1545-0047 



!§04 



use IRS 
label or 
print or 
type. 
See 
Specific 
Instruc- 
tions. 



C Name of organization American Petroleum Institute 



A For the 2004 c alendar year, or tax year beginning 

B Check if applicable: 
LJ Address change 
LJ Name change 
LJ Initial return 
LJ Final return 
LJ Amended return 
LJ Application pending 



2004, and ending 



Open to Public 
| Inspection 



20 



Number and street (or P.O. box if mail is not delivered to street address) 
1220 L Street, NW, Suite 900 



Room/suite 



City or town, state or country, and ZIP + 4 
Washington, DC 20005 



• Section 501(c)(3) organizations and 4947(a)(1) nonexempt charitable 
trusts must attach a completed Schedule A (Form 990 or 990-EZ). 



G Website: ►www.api.org 



J Organization type (check only one) ► SI 501(c) (6 )« (insert no.) D 4947(a)(1) or D 527 



K Check here ► LJ if the organization's gross receipts are normally not more than $25,000. The 
organization need not file a return with the IRS; but if the organization received a Form 990 Package 
in the mail, it should file a return without financial data. Some states require a complete return. 



L Gross receipts: Add lines 6b, 8b, 9b, and 10b to line 12 ► 



76,360,112 



D Employer identification number 
13 : 0433430 



E Telephone number 
(202) 682-8350 



F Accounting method: LJ Cash IS Accrual 
LJ Other (specify) ► 



H and I are not applicable to sectbn 527 organizations. 
H(a) Is this a group return for affiliates? LJ Yes El No 

H(b) If "Yes,"enter number of affiliates ► 

H(c) Are all affiliates included? D Yes D No 

(If "No," attach a list. See instructions.) 

H(d) Is this a separate return filed by an 

organization covered by a group ruling? I—I Yes IXI No 



I Group Exemption Number ► 



N/A 



M Check ► |xl if the organization is not required 
to attach Sch. B (Form 990, 990-EZ, or 990-PF). 



p 



Revenue, Expenses, and Changes In Net Assets or Fund Balances (See page i 18 of the instructions.) 



1 
a 
b 
c 
d 

2 

3 

4 

5 

6a 
b 
c 

7 

8a 

b 

c 
d 



1a 



Contributions, gifts, grants, and similar amounts received: 

Direct public support 

Indirect public support 

Government contributions (grants) 

Total (add lines 1a through 1c) (cash $ noncash $ 



1b 



1c 



) 



Program service revenue including government fees and contracts (from Part VII, line 93) 

Membership dues and assessments 

Interest on savings and temporary cash inve stments 

Dividends and interest from securities 



Gross rents |_6§ 1,345,844 

Less: rental expenses I 6b I 2,605,568 

Net rental income or (loss) (subtract line 6b from line 6a) 

Other investment income (describe ► 

Gross amount from sales of assets other 

than inventory 

Less: cost or other basis and sales expenses. 
Gain or (loss) (attach schedule) . . . 

Net gain or (loss) (combine line 8c, columns (A) and (B)) 

Special events and activities (attach schedule). If any amount is from gaming, check here ► □ 

Gross revenue (not including $ of 

contributions reported on line 1a) 9 fl 

L es6i d i r e ct e xp enses other than fundraising expenses I 9b 



(A) Securities 




(B) Other 




8a 


10,573 




8b 


1,998 





8c 


8,575 



RECEIVE©™ ° r 

10a Owoo oa l ea qf 



MAY*»E| 



Qfr OEWiW 



JJ r\th*r raim| 



[loss) from special events (subtract line 9b from line 9a) 
inventory, less returns and allowances . 
jods sold 



nue 



10a 



10b 



$l jss) from sales of inventory (attach schedule) (subtract line 10b from line 10a) . 



(from Part VII, line 103) 

(add lines 1d, 2, 3, 4, 5, 6c, 7, 8d, 9c, 10c, and 11). 



1d 



6c 



8d 



9c 



10c 



11 



12 







22,547,114 



50,891,370 



1,482,365 



(1,259,724) 



8,575 







82,846 



73,752,546 



10 Prrjgfam oorv i oc s (from line 44, column (B)) 



13 







14 Management and general (from line 44, column (C)) 

15 Fundraising (from line 44, column (D)) 

16 Payments to affiliates (attach schedule) 

17 Total expenses (add lines 16 and 44, column (A)) . 



14 



15 



16 



17 



81,238,557 



18 Excess or (deficit) for the year (subtract line 17 from line 12) 

19 Net assets or fund balances at beginning of year (from line 73, column (A 

20 Other changes in net assets or fund balances (attach explanation). . 

21 Net assets or fund balances at end of year (combine lines 18, 19, and 20) 



18 



(7,486,011) 



t>dh. F.' 



19 



13,426,793 



20 



z 
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions. MGA 



(2,011,533) 



21 



3,929,249 



Form 990 (2004) 



Form 990 (2004) 



Page 2 



Statement of 
Functional Expenses 



All organizations must complete column (A). Columns (B), (C), and (D) are required for section 501(c)(3) and (4) organizations 
and section 4947(a)(1) nonexempt charitable trusts but optional for others. (See page 22 of the instructions.) 



Do not include amounts reported on line 
6b, 8b, 9b, 10b, or 16 of Part 1. 


pi 


(A) Total 


(B) Program 
services 


(C) Management 
and general 


(D) Fundraising 


22 Grants and allocations (attach schedule) . . 

(rash $ nnnrash $ ) 

23 Specific assistance to individuals (attach schedule) 


22 








I^Nifc«|iiii 


23 






^w^^^^^ 


24 Benefits paid to or for members (attach schedule). 

25 Compensation of officers, directors, etc.Och.u 

26 Other salaries and wages 


24 








25 


2,707,880 








26 


20,991,267 








27 Pension plan contributions 

28 Other employee benefits 


27 


1,350,914 








28 


3,470,559 








29 Payroll taxes 


29 


1,610,697 








30 Professional fundraising fees 

31 Accounting fees 


30 










31 


694,500 








32 Legal fees /CpnfM^ f ^ 

33 Supplies /P-ffK^ 


32 


10,159,174 








33 


873,501 








34 Telephone 


34 


661,484 








35 Postage and shipping 

36 Occupancy 


35 


306,171 








36 


2,967,065 








37 Equipment rental and maintenance .... 


37 


102,771 








38 Printing and publications 


38 


353,871 








39 Travel 


39 


2,281,823 








40 Conferences, conventions, and meetings 


40 


2,113,056 








41 Interest 


41 










42 Depreciation, depletion, etc. (attach schedule)^) 


42 


813,076 








43 Other expenses not covered above (itemize): agdr< • ?H. 


43a 


29,780,748 




^ 




b 


43b 










c 


43c 










d 


43d 










e 


43e 










44 Total functional expenses (add lines 22 through 43). Organizations 
completing columns (BrID), carry these totals to lines 13—15 . 


44 


81,238,557 












Joint Costs. Check ► □ if you are following SOP 98-2. 

Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? . ► D Yes 

If "Yes," enter (I) the aggregate amount of these joint costs $ ; (li) the amount allocated to Program services $ 

(Hi) the amount allocated to Management and general $ ; and (iv) the amount allocated to Fundraising $ 

Statement of Program Service Accomplishments (See page 25 of the instructions.) 



m no 



. Schedule J 



What is the organization's primary exempt purpose? 

All organizations must describe their exempt purpose achievements in a clear and concise manner. State the number 
of clients served, publications issued, etc. Discuss achievements that are not measurable. (Section 501(c)(3) and (4) 
organizations and 4947(a)(1) nonexempt charitable trusts must also enter the amount of grants and allocations to others.) 



Program Service 
Expenses 

(FHjirBd for SDIfcJO) and 
(4)onji, and 4947(a)(1) 
tn£t£; rxi oj^jorel for 



Schedule K 



(Grants and allocations $ 



(Grants and allocations $ 



(Grants and allocations $ 



(Grants and allocations $ 



e Other program services (attach schedule) (Grants and allocations $ ' 

f Total of Program Service Expenses (should equal line 44, column (B), Program services) . 







Form 990 (2004) 



Fomf 990 (2004) 



Page 3 



izeihim Balance Sheets (See page 25 of the 


nstructions.) 








Note: Where required, attached schedules and amounts within the description 
column should be for end-of-year amounts only. 


(A) 

Beginning of year 




(B) 

End of year 




45 Cash — non-interest-bearing 




45 






46 Savings and temporary cash investments 


28,798,243 


46 


22,136,178 




47a Accounts receivable 

b Less: allowance for doubtful accounts 

48a Pledges receivable 

b Less: allowance for doubtful accounts 


47a 


2,691,683 


2,591,548 


47c 






47b 


72,704 


2,618,979 




48a 







48c 






48b 









49 Grants receivable 






49 






50 Receivables from officers, directors, trustees, and key employees 
(attach schedule) . ^bcK- A>:&. ......... . 


20,947 


50 


15,896 




51a Other notes and loans receivable (attach 

schedule) 

b Less: allowance for doubtful accounts 


51a 







51c 




<0 

in 


51b 







< 


52 Inventories for sale or use 




84,809 


52 


84,809 




53 Prepaid expenses and deferred charges 


138,479 


53 


139,017 




54 Investments — securities (attach schedule) . . ► PI Cost W FMV 


43,931,355 


54 


40,140,118 




55a Investments — land, buildings, and 

equipment: basis 

b Less: accumulated depreciation (attach 
schedule) 


55a 


-Seh-fc-l 





55c 






55b 









56 Investments — other (attach schedule) . . 






56 






57a Land, buildings, and equipment: basis 
b Less: accumulated depreciation (attach 
schedule) . . "Sen . Q 


57a 


6,781,445 


1,846,475 


57c 






57b 


5,337,263 


1,444,182 




58 Other assets (describe ► Deferred pension costs ) 


874,226 


58 


925,704 




59 Total assets (add lines 45 through 58) (must equal line 74) . . . 


78,286,082 


59 


67,504,883 




60 Accounts payable and accrued expenses 

61 Grants payable 


7,231,281 


60 


8,059,846 






61 






62 Deferred revenue 


29,999,211 


62 


24,866,475 


2. 


63 Loans from officers, directors, trustees, and key employees (attach 
schedule) 




63 




.□ 

(0 


64a Tax-exempt bond liabilities (attach schedule) 
b Mortgages and other notes payable (attach s 






64a 




_i 


chedule} 




64b 






65 Other liabilities (describe ► Benefit Plan Liabilities ) 

66 Total liabilities (add lines 60 through 65) 


27,628,797 


65 


30,649,313 




64,859,289 


66 


63,575,634 


(0 

d> 
u 


Organizations that follow SFAS 117, check here ► H and complete lines 
67 through 69 and lines 73 and 74. 

67 Unrestricted 

68 Temporarily restricted 


13,426,793 


67 


3,929,249 


c 

CO 




68 




10 

m 


69 Permanently restricted 




69 




T3 

c 

3 

u. 
o 


Organizations that do not follow SFAS 117, check 
complete lines 70 through 74. 

70 Capital stock, trust principal, or current funds 

71 Paid-in or capital surplus, or land, building, an 


here ► L7J and 




70 




(0 


d eauioment fund 




71 




0) 


72 Retained earnings, endowment, accumulated income, or other funds 

73 Total net assets or fund balances (add lines 67 through 69 or lines 
70 through 72; 

column (A) must equal line 19; column (B) must equal line 21) . . 




72 




< 

0) 

z 


13,426,793 


73 


3,929,249 




74 Total liabilities and net assets /fund balan 


ces (add lines 66 and 73) 


78,286,082 


74 


67,504,883 



Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a 
particular organization. How the public perceives an organization in such cases may be determined by the information presented 
on its return. Therefore, please make sure the return is complete and accurate and fully describes, in Part III, the organization's 
programs and accomplishments. 



Forrrf 990 (2004) 



Part IV-A 



Page 4 



Reconciliation of Revenue per Audited 
Financial Statements with Revenue per 
Return (See page 27 of the instructions.) 



Part IV-B 



Reconciliation of Expenses per Audited 
Financial Statements with Expenses per 
Return 



$ 



a Total revenue, gains, and other support 
per audited financial statements ► 

b Amounts included on line a but not on 
line 12, Form 990: 

(1) Net unrealized gains 

on investments . . $ 

(2) Donated services 

and use of facilities I 

(3) Recoveries of prior 
year grants . . . 

(4) Other (specify): 

Net Unrealized 

(loss) on invest $ (856,164) 

Add amounts on lines (1) through (4) ► 

c Line a minus line b ► 

d Amounts included on line 1 2, 
Form 990 but not on line a: 

(1) Investment expenses 
not included on line 

6b, Form 990. . . I 

(2) Other (specify): 

Schedule I 



$ (1,261,722) 
Add amounts on lines (1) and (2) ► 
Total revenue per line 12, Form 990 
(line c plus line d) ► 



74,158,104 



per 

► 



(856,164) 



75,014,268 



0) 
(2) 

(3) 
(4) 



c 
d 

0) 
(2) 



$ 



Total expenses and losses 
audited financial statements . 
Amounts included on line a but not 
on line 17, Form 990: 

Donated services 
and use of facilities 

Prior year adjustments 
reported on line 20, 
Form 990. . . . 
Losses reported on 
line 20, Form 990 . 

Other (specify): 
Schedule I 



$ 1,261,722 



Add amounts on lines (1) through (4)^ 

Line a minus line b ► 

Amounts included on line 1 7, 
Form 990 but not on line a: 

Investment expenses 
not included on line 

6b, Form 990 . . $ 

Other (specify): 



(1,261,722) 



73,752,546 



Add amounts on lines (1) and (2) ► 
Total expenses per line 17, Form 990 
(line c plus line d) ► 



82,500,279 



1,261,722 



81,238,557 



81,238,557 



IzisimmM List of Officers, Directors, Trustees, and Key Employees (List 
the instructions.) 


each one even if not compensated; see page 27 of 


(A) Name and address 


(B) Title and average hours per 
week devoted to position 


(C) Compensation 

(H not paid, enter 

-0-.) 


(D) Contributions to 
employee benefit plans & 
deferred compensation 


(E) Expense 

account and other 

allowances 


Schedule £ 


40 hour per week/ 
less than 1 hr. week 


2,707,880 


758313 







































































































































75 Did any officer, director, trustee, or key employee receive aggregate compensation of more than $1 00,000 from your 

organization and all related organizations, of which more than $10,000 was provided by the related organizations? .► EH Yes [XI No 
If "Yes," attach schedule— see page 28 of the instructions. 



Form 990 (2004) 



Fomv990 (2004) 



Page 5 



Other Information (See page 28 of the instructions.) 



Yes 



No 



76 
77 



Did the organization engage in any activity not previously reported to the IRS? If "Yes," attach a detailed description of each activity. 
Were any changes made in the organizing or governing documents but not reported to the IRS? . . . 
If "Yes," attach a conformed copy of the changes. 
78a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? 

b If "Yes," has it filed a tax return on Form 990-T for this year? 

Was there a liquidation, dissolution, termination, or substantial contraction during the year? If "Yes," attach a statement 
Is the organization related (other than by association with a statewide or nationwide organization) through common 
membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization? . . 

b If "Yes," enter the name of the organization ► N/A 

and check whether it is EDexempt or D nonexempt. 

81a Enter direct and indirect political expenditures. See line 81 instructions . . . 1 81a I ~ O ' 

b Did the organization file Form 1120-POL for this year? 



79 
80a 



82a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge 

or at substantially less than fair rental value? 

b If "Yes," you may indicate the value of these items here. Do not include this amount , . 

as revenue in Part I or as an expense in Part II. (See instructions in Part III.). . . I82b | rAfn 



83a Did the organization comply with the public inspection requirements for returns and exemption applications? 
b Did the organization comply with the disclosure requirements relating to quid pro quo contributions? IS |& 

84a Did the organization solicit any contributions or gifts that were not tax deductible? 

b If "Yes," did the organization include with every solicitation an express statement that such contributions 

or gifts were not tax deductible? 

501(c)(4), (5), or (6) organizations, a Were substantially all dues nondeductible by members? 

Did the organization make only in-house lobbying expenditures of $2,000 or less? 

If "Yes" was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization 
received a waiver for proxy tax owed for the prior year. 

85c 50,891,370 



85 



85d 



85e 



85f 



6,483,895 



7,633,706 



(1,149,811) 



c Dues, assessments, and similar amounts from members 

d Section 162(e) lobbying and political expenditures 

e Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices. . . 

f Taxable amount of lobbying and political expenditures (line 85d less 85e) . . 

g Does the organization elect to pay the section 6033(e) tax on the amount on line 85f? 

h If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount on line 85f to its 
reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax 
year? NJA 



86 



87 



88 



86b 



87a 



5S! 



501(c)(7) orgs. Enter: a Initiation fees and capital contributions included on line 12 . 
Gross receipts, included on line 12, for public use of club facilities .... 
501(c)(12) orgs. Enter: a Gross income from members or shareholders . . . 
Gross income from other sources. (Do not net amounts due or paid to other 

sources against amounts due or received from them.) 

At any time during the year, did the organization own a 50% or greater interest in a taxable corporation or 
partnership, or an entity disregarded as separate from the organization under Regulations sections 
301.7701-2 and 301.7701-3? If "Yes," complete Part IX. 



86a 



87b 






itlA. 



89a 501(c)(3) organizations. Enter Amount of tax imposed on the organization during the year under 



_Ck 



Enfe 

5a 



section 4912 ►_ 



Hi A 



section 4955 >■_ 



'JzlA. 



76 



77 



!HI 



78a 



78b 



79 



80a 



81b 



82a 



83a 



83b 



84a 



84b 



85a 



85b 



85o 



85h 



88 



89b 



d 

90a 

b 

91 

92 



section 4911 

501(c)(3) and 501(c)(4) orgs. Did the organization engage in any section 4958 excess benefit transaction 
during the year or did it become aware of an excess benefit transaction from a prior year? If "Yes," attach 
a statement explaining each transaction H/A 

Enter Amount of tax imposed on the organization managers or disqualified persons during the year under 

sections 4912, 4955, and 4958 ► 

Enter: Amount of tax on line 89c, above, reimbursed by the organization ► 

List the states with which a copy of this return is filed ► . D . i . st r!^.?f.9. . l . u . n !! , . i ?. 

Number of employees employed in the pay period that includes March 12, 2004 (See instructions.) l 90b I 

The books are in care of ► ?. r . e .*?. d .^ .?: **?!:&** Telephone no. ► C?02)_ 6 . 82 :? 3 . 5 .? 

Located at ► 1220 L Street, NW, Washington DC ZIP + 4 ► 20005 



m. 



MA 



254 



Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041 — Check here ► Q 

and enter the amount of tax-exempt interest received or accrued during the tax year . . . ► I 92 I N/A 

Form 990 (2004) 



Form ; 990 (2004) 



Page 6 



Analysis of Income-Producing Activities (See page 33 of the instructions.) 



Note: Enter gross amounts unless otherwise 

indicated. 

93 



Program service revenue: 
Schedule B 



94 
95 
96 
97 
a 
b 
98 
99 
100 
101 
102 
103 
b 
c 
d 
e 



Medicare/Medicaid payments 

Fees and contracts from government agencies 
Membership dues and assessments . . . 
Interest on savings and temporary cash investments 
Dividends and interest from securities . . 
Net rental income or (loss) from real estate: 

debt-financed property 

not debt-financed property 

Net rental income or (loss) from personal property 

Other investment income 

Gain or (loss) from sales of assets other than inventory 
Net income or (loss) from special events 
Gross profit or (loss) from sales of inventory 
Other revenue: a Schedule C 



Subtotal (add columns (B), (D), and (E)). 
Total (add line 104, columns (B), (D), and (E)). 



Unrelated business income 



(A) 

Business code 



541900 



(B) 

Amount 



2,220,038 



2,220,038 



Excluded by section 512, 513, or 514 



(C) 

Exclusion code 



14 



16 



18 



(D) 

Amount 



1,482,365 



(1,259,724) 



8,575 



231,216 



(E) 

Related or 

exempt function 

income 



20,327,076 



50,891,370 



82,846 



104 
105 
Note: Line 105 plus line 1d, Part I, should equal the amount on line 12, Part I. 

I3SHTO1II Relatio nship of Activities to the Accomplishment of Exempt Purposes (See page 34 of the instructions. 



71,301,292 



73,752,546 



Line No. 

▼ 



Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment 
of the organization's exempt purposes (other than by providing funds for such purposes). 



93,94 



Schedule L 



103a 



Information Regarding Taxable Subsidiaries and Disregarded Entities (See page 34 of the instructions.) 



Name, address, and EIN of corporation, 
partnership, or disregarded entity 



D (B) < 
Percentage of 

ownership interest 



(C) 

Nature of activities 



(D) 

Total income 



(E) 

End-of-year 
assets 



N/A 



% 



% 



Information Regarding Transfers Associated with Personal Benefit Contracts (See page 34 of the instructions.) 

(a) Did the organization, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? . Q Yes D No 

(b) Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? □ Yes O No 
Note: If "Yes" to (b), file Form 8870 and Forph4720 (see instructions). 



Please 

Sign 

Here 



Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge 
and belief, it is true, correct, aMtcomplete/Oeclaration of preparer (other than officer) is based on all information of which preparer has any knowledge. 



-^ 



Sic/pitH»-pf officer . ^ r — 

e or print 'fiarae and title. ^ 



vi y^-*r 



Date 



Paid 

Preparer's 
Use Only 



Preparer's 
signature 



L Tate & Tryon, 805 15th St, NW, Suite 900 / / 



Check if 

self- | — | 

employed ► I I 



Preparer's SSN or PTIN (See Gen. Inst. W) 



Firm's name (or yours 
if self-employed), 
address, and ZIP + 4 



► 



Washington DC 



20005 



EIN 



► 52 : 1855942 



Phone no. ► (202)293-2200 



Form 990 (2004) 



American Petroleum Institute 

Federal ID #13-0433430 

Form 990 Part I, Line 8 

2004 

Description Date Sold Basis Sales Price Gain/(Loss) 
Obsolete Equipment 2004 1,998 10,573 8,575 



Schedule A 



American Petroleum Institute 

Federal ID #13-0433430 

Part VII, Line 93a 

2004 



Unrelated business income program 

service revenue 2,220,038 

Subscriptions 853,408 

Sales of Publications 244,531 

Certification Programs Fees 12,145,103 

Gross Meeting Revenue 2,290,490 

Publication Sale Royalities 4,753,975 

Reimbursement from Affilates 39,569 



Related program service revenue 20,327,076 



Schedule B 



American Petroleum Institute 

Federal ID #13-0433430 

Part VI I, Line 103 

Other Revenue 

2004 



Reimbursement of Expenses from Affiliates 26,250 

Reimburesement of Expenses from Energy-ISAC 1 1 ,000 

Other 45,596 



Total 82,846 



Schedule C 



American Petroleum Institute 

Federal ID #13-0433430 

Form 990 Part IV, Line 54 

2004 



Description 


Rate 


Maturity 


Cost 


Market Value 


Allstate Finl Global FDG LLC 


7.125% 


9/26/2005 


1,577,415 


1,542,360 


Bank America Corp 


7.200% 


4/15/2006 


760,215 


721,466 


Morgan Stanley Dean Witter & Co 


6.100% 


4/15/2006 


540,710 


517,730 


Norwest Finl Inc. SR NT 


7.500% 


4/15/2005 


799,418 


759,878 


Wells Fargo & Co. New Global NT 


7.250% 


8/24/2005 


227,197 


220,575 


Wells Fargo & Co. SUB NT 


6.875% 


4/1/2006 


1 ,537,563 


1 ,463,853 


Fed Home LN Bks Cons BD 


4.875% 


5/15/2007 


4,371 ,594 


4,343,052 


Fed Natl Mtg. Assn. 


7.000% 


7/15/2005 


8,105,363 


7,668,750 


Federal Home LN BK 


3.750% 


8/15/2007 


6,550,345 


6,556,875 


Federal Home LN BKS 


3.375% 


9/14/2007 


3,006,414 


2,997,180 


Federal Home LN BKS Cons 


2.125% 


11/15/2005 


7,042,000 


6,951,910 


Fedl Home LN BKS Preassign 


2.875% 


2/15/2007 


3,005,487 


2,974,680 


U.S. Treasury NTS 


2.625% 


5/15/2008 


3,587,227 


3,421,810 






41,110,947 


40,140,118 



Schedule D-1 



American Petroleum Institute 
Federal ID #13-0433430 

Part IV, Line 50 

Receivables from Officers 

2004 



Employee Advances 15,896 



Schedule D-2 



Name 



Title & Time Devoted 



Bryron M. Cavaney 



Brenda S. Hargett 



Michele Rinn 



James Ford 



Ed Murphy 



Betty Anthony 



Jim Craig 



Harry Ng 



President & Chief Executive Officer 40hrs./wkly 
100% 

CFO and Group Director of Special 

Programs and Financial Operations 40hrs./wkly 

100% 

Corporate Secretary and Director of 

Corporate Services 40hrs./wkly 

100% 

Group Director of Government Affairs 40hrs./wkly 
100% 

Group Director of Industry Operations 

and Downstream 40hrs./wkly 

100% 

Group Director of Industry Operations 

and Upstream 40hrs./wkly 

100% 



American Petroluem Institute 

Federal ID #13-0433430 

PartV 

Officers Wages 

2004 

Contribution to 

Average hours per week Employee Benefit Expenses & Other 

devoted to postlon Wages Plan Allowances 



Group Director of Policy and 

Communications 

100% 

General Council and Director of Legal 

Services 

100% 



Clarence P. Cazalot, Jr. Member - Executive Committee 
(As needed) 



Claiborne P. Deming 
Lynn Elsenhans 
Dale R. Laurance 
James J. Mulva 
J. Larry Nichols 
David J. O'Reily 
Ross J. Pillari 
Lee R. Raymond 
Bobby Shackouls 



Treasurer 
(As needed) 

Member - Executive Committee 
(As needed) 

Member - Executive Committee 
(As needed) 

Member - Executive Committee 
(As needed) 

Member - Executive Committee 
(As needed) 

Chairman of the Board 
(As needed) 

Member - Executive Committee 
(As needed) 

Member - Executive Committee 
(As needed) 



Member - Executive Committee 
(As needed) 

Totals 

All of the above may be contacted in care of the 
American Petroleum Institute 
1220 L Street, N.W. 
Washington, DC 20005 



40hrs./wkly 

40hrs./wkly 

less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 
less than 1 hour per week 



1,023,316 



233,517 



166,800 



291,455 



286,342 



264,517 



232,883 



209,050 



2,707,880 



334.903 



43,957 



24,974 



19,644 



187,081 



66,346 



51,887 



29,521 



758,313 



Schedule E 



American Petroleum Institute 

Federal ID #13-0433430 

Part I, Line 20 

Other changes in net assets or fund balances 

2004 



Change in minimum pension liability (1,155,388) 
Unrealized Gain (Loss) on Investment (856,164) 
Prior Period Adjustment 19 



(2,011,533) 



Schedule F 



American Petroleum Institute 

Federal ID #13-0433430 

Part II, Line 42 

Depreciation 

2004 

Depr. 
Acquisition Year Asset Cost Depr. Rate Expense 

Furniture & Equipment 



Computers 



2004 


111,874 


10.00% 


11,187 


2003 


84,534 


10.00% 


8,453 


2002 


127,041 


10.00% 


12,704 


2001 


214,651 


10.00% 


21 ,465 


2000 


174,446 


10.00% 


17,445 


1999 


121,294 


10.00% 


12,129 


1998 


329,078 


10.00% 


32,908 


1997 


356,649 


10.00% 


35,665 


1996 


464,490 


10.00% 


46,449 


1995 


109,403 


10.00% 


10,940 


1994 & Prior 


264,873 
2,358,333 




- 






209,346 


2004 


197,420 


33% 


65,806 


2003 


267,116 


33% 


89,039 


2002 


317,612 


33% 


105,871 


2001 


464,461 


0% 


- 


2000 


306,705 


0% 


- 


1999 & prior 


318,871 







1,872,185 260,716 

Internal Use Software 796,101 156,375 

Leasehold Improvements 1,754,826 186,639 



Total 6,781,445 813,076 

Accum. Depreciation (5,337,263) 



1,444,182 



Furniture and equipment are stated at cost and are depreciated on the straight-line basis over 
ten years. Leasehold improvements are stated at cost and re amortized over the lesser of the 
remaining term of the related leases ore the estimated remaining services lives of the assets. 
Internal use software and computers are stated at cost and amortized on the straight-line basis 
over three years. 



Schedule G 



American Petroleum Institute 

Federal ID #13-0433430 

Part II 

Other Expenses 

2004 



Description 



Amount 



Studies, Analysis & Research* 

Pension Expense 

Postretirement Benefit Cost 

Software maintenance and license fees 

Contributions 

Insurance and property tax 

Bad Debt 



18,573,677 

8,693,911 

1 ,697,261 

287,679 

107,547 

420,673 

29,780,748 



* Studies, Analysis & Research is comprised of the following expenses: 



Laboratory Research 

Coalition Memberships & Grants 



14,992,416 

3,581,261 

18,573,677 



Schedule H 



American Petroleum Institute 

Federal ID #13-0433430 

Part IV-A Line d (2) and Part IV-B Line b (4) 

2004 



Net sublease loss (1 ,259,724) 

Loss on disposal of Fixed assets (1 ,998) 



Part IV-A Line d (2) (1 ,261 ,722) 



Part IV-B Line b (4) 1 ,261 ,722 



Schedule 



American Petroleum Institute 13-0433430 Schedule J 



API MISSION STATEMENT 



The mission of the American Petroleum Institute (API) is to 
influence public policy in support of a strong, viable U.S. oil 
and natural gas industry essential to meet the energy needs 
of consumers in an efficient, environmentally responsible 
manner. 

As the U.S. oil and natural gas industry's primary trade 
association, API: 

■ Engages in federal and state legislative and 
regulatory advocacy that is based on scientific 
research; technical, legal and economic analysis; 
and public issues communication; 

■ Provides an industry forum to develop consensus 
policies and collective action on issues impacting its 
members; and 

■ Works collaboratively with all industry oil and gas 
associations, and other organizations, to enhance 
industry unity and effectiveness in its advocacy. 

API also provides the opportunity for standards 
development, technical cooperation and other activities to 
improve the industry's competitiveness through sponsorship 
of self-supporting programs. 

June 1999 



American Petroleum Institute 13-0433430 Schedule K 



Advocacy 

API speaks for the petroleum industry before Congress, the executive branch of 
government, state legislatures, and the news media. It negotiates with regulatory 
agencies, represents the industry in court and participates in coalitions- building the 
grassroots support that prods Congress, the White House and state legislators to act. 
And it strives to enhance credibility on the environmental, health and safety issues that 
are central to the public's perception of the industry and its products. 

Information 

API is the source for information about the petroleum industry. It undertakes the 
scientific and economic analysis that is the foundation for the industry's stance on the 
current issues . It collects and compiles statistics. And it is without peer in finding and 
providing industry-specific information for people who need it. 

Industry Operations 

API has set standards for the U.S. petroleum industry since its founding in 1 91 9. In the 
global marketplace, these same standards are becoming international standards, and 
API's involvement in international events and organization is growing. More than 500 
API standards are now used throughout the world. Many of these standards are now a 
part of both federal and state regulations. 

Maintaining quality 

The increasingly international nature of the petroleum business is evident in API's 
approach to certifying that products meet the industry's exacting standards of quality. 
Since 1924, API has licensed oilfield equipment manufacturers to use the API 
monogram, recognized as a mark of quality around the world. API licenses motor oils 
for use in both gasoline and diesel engines. API also certifies inspectors of storage 
tanks, pressure vessels, and piping. 

Education 

API organizes seminars, workshops and symposia on issues vital to the industry's 
livelihood. It provides training materials that help professionals in the oil and gas 
business meet regulatory requirements and industry standards. 



American Petroleum Institute 13-0433430 Schedule L 



API is the U.S. oil and natural gas industry's primary trade association. API influences 
public policy in support of a strong, viable U.S. oil and natural gas industry essential to 
meet the energy needs of consumers in a efficient, environmentally responsible manner. 
Subscriptions, publication sales, certification programs and other related revenues result 
from API's operations in advancement of its exempt purpose, as stated above.